Statistical analysis of data, Business Economics

Assignment Help:

Q1 An important first step to the statistical analysis of data is to "get to know your data".  The following tasks should contribute to this.

(a)   To the right of the dataset construct a small table in which the first column lists the Olympic years cited in the dataset.  In the adjacent column sum the total of 'points' awarded across all countries in each year.  Present this table in your report.  [HINT:- Look at help on the SUMIF function.]

(b)   Complete the TOTPTS column using the VLOOKUP function on the table created in (a).  For each row of the main table evaluate PSHARE as the ratio between POINTS for a country in a year to TOTPTS for all countries in that year.

(c)    Repeat this process to evaluate shares of total population and shares of total GDP of competing countries.  Prepare a table showing summary statistics of all three shares including correlations between them and use your results to write a summary statement regarding the validity of equation [1] in the reference.

(d)   Take the LN of all three shares for each country in each year and consider whether any of these three variables so transformed might be Normally Distributed.

Q2 In the paper, Table 1 presents results for a 'Tobit' model.  This involves advanced estimation procedures which are not included in our module.  However, we here consider a simpler version of the same idea using a 'Logit' model.  In this model the independent variables are the same as in the Tobit but the dependent variable is 'Log-odds ratio'.  That is, denoting ait = PSHARE for country i in year t then:-

Log-odds ratio = Yit = Ln(ait /( 1 - ait ))

(a)   On a clean sheet construct a table in which the first column contains values for ait in the range [0.1, 0.9] and the second column contains the corresponding values for the log-odds ratio.  Convert this table into an XY plot and present the image in your report.  Use the image to explain why our dependent variable might be used in this form.

(b)   Present a table analogous to Table 1 using this as dependent variable and write a short summary of your table by way of interpretation.  The lower section of this table you can replace with statistics from your standard regression outputs which you wish to refer to in your summary.  For this question do not use 'year dummies'.

(c)    Why does the original Table 1 refer to 'year dummies'?  Repeat your version of this table as in (a) adding 'year dummies' in the estimation and present a new table, with interpretation in the style of Table 1 [i.e. do not list the year effects that you obtain in the estimation.]

Q3 (a) In Table 2 of the article an expanded set of independent variables is listed.  Using Model (III) as an example, explain why these variables have been added and express the reason in the form of a statistical null hypothesis that can be tested.

(b)  Apply the relevant test for (a) and set out your conclusion regarding this null.  [Note:- There is no need to replicate the rest of the table for this question.]

Q4 (a)  Using our version of the model formulated as (IV) in Table 1 describe how you would investigate whether the countries that are described as 'planned' and 'soviet' have affect the data by inducing heteroskedasticity.  [Note:- you do not need to apply a procedure.]

(b)    In the same model (IV) of Table 1 reference is made to a test of the null of equality between the two slope coefficients.  Apply an F-test of this null.

Q5   UK (country code 195) population in 2012 is expected to reach 63million.  By 2008 UK's GDP had risen by a third of its 1996 value but is only expected to achieve a further 0.5% per year on average to 2012.  What share of the points would you expect UK to obtain in that Olympic year?  What factors might affect the reliability of your expectations?


Related Discussions:- Statistical analysis of data

Production, what factors affect the volume of production in an economy

what factors affect the volume of production in an economy

Decentrilization, how to decentralization aids in citizen mobility

how to decentralization aids in citizen mobility

The garcia company''s bonds , The Garcia Company's bonds have a face value ...

The Garcia Company's bonds have a face value of $1,000, will mature in ten years, and carry a coupon rate of 16 percent. Suppose interest payments are made semi-yearly. a. Verif

Particular large hotel has 790 rooms, Suppose that a particular large hotel...

Suppose that a particular large hotel has 790 rooms. Furthermore, suppose that the hotel's marketing group's forecast is normally distributed with a mean demand of 730 rooms and a

Explain about the characteristics required in a risk owner, Explain about t...

Explain about the characteristics required in a risk owner. To be effective within their role, a risk owner’ requirements are as follows: a. Adequate information regarding a

Why are penalty clauses in monetary compensation, Subcontracts frequently i...

Subcontracts frequently include penalty clauses to provide the main contractor defence into the case of the supplier’s poor performance. Why are penalty clauses not the complete an

What is balanced growth theory, What is Balanced Growth theory? Bala...

What is Balanced Growth theory? Balanced Growth theory: This theory argues that market is not capable to deliver growth. State approaches to development are needed since

What are the major problems in measuring national income, What are the majo...

What are the major problems in measuring national income? The major problems in measuring national income: a. Unreliable statistics data collection is costly and the figu

Market analysis, The Australian government administers two programs that af...

The Australian government administers two programs that affect the market for cigarettes. First, media campaigns and labelling requirements aimed at making public aware of the dan

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd